Bitcoin Price Forecast to Double as Experts Revise Cryptocurrency Predictions

DooKey

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Some cryptocurrency experts say that bitcoin prices are going to double this year even though the prices have been stagnant for several months now. The most likely reason for this stagnation is the uncertainty of regulation. As regulations become clearer the experts expect the prices of cryptocurrency to rise. However, who knows what is really going to happen? I believe cryptocurrency is here to stay, but I'm not so sure it's going to boom. Only time will tell and those of you playing the game may or may not get rich. Isn't that what speculation is all about?

Bitcoin price predictions were very positive at the beginning of the year, buoyed by the price explosion at the end of 2017. Celebrated investor Tim Draper said bitcoin could hit $250,000 by 2022, while self-described "bitcoin evangelist" Alistair Milne said he believed bitcoin would reach between $35,000 and $60,000 by the end of next year.
 
If a snake eats itself whole (yes it eats its own tail but what if it continued to eat itself whole) would it disappear or double in size?

guess the "experts" think the crypto snake doubles
 
Crypto currency is simply not going away. And with that low market share, the price increase is bound to happen.
 
Crypto currency is simply not going away. And with that low market share, the price increase is bound to happen.
Well yes and no. Some cryptocurrencies will increase in value, the vast majority will not. The question is which ones.
 
"...The price of an object is not determined by its intrinsic value, but rather by an irrational belief and expectation that market participants will pay an even higher price for something based purely on speculative hype..."

"..."non-productive asset" in which you're relying on the next "crazy" person buying it to pay you more than you paid for..."

"The asset itself is creating nothing," said Buffett, comparing bitcoin to "productive" assets such as gold or a farm. He described the futile purchase of cryptocurrencies as two people "just sitting there" inside their own home trading it back and forth because "if you don't understand it, you get much more excited."

2 of the richest mofos in the world, 1 of them being the founder of the largest software/tech conglomerate call it rat poison... This nonsense is just a fucking furby or tickle me elmo doll.
 
Markets can stay irrational a lot longer than you'd think. IN FOR THE PUMP SO I CAN DUMP!
 
I think they are trying to tell everybody the price will go up to start a buying frenzy so the price does go up.

That's what analysts do. They take a position, then tell everyone how great said position (or outlook) will be so that it'll squeeze while they take profits.
 
why stop at 250k?

bitcoin could be at $10million by 2020. I can see the future.

Every shiller has his magic 8ball.
 
I think they are trying to tell everybody the price will go up to start a buying frenzy so the price does go up.

Look up "pump and dump". Its an old-school sham that is even easier with relatively controlled crypto markets.
 
If I put American money into a machine and out came a 99% gold coin with the Bitcoin logo on it, then I would by bitcoin.
 
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Crypto currency is simply not going away. And with that low market share, the price increase is bound to happen.

will be quite interesting when the Government goes after all the sales tax for transactions done by companies that accepted virtual coin (Aircraft Carriers are expensive)
 
Every shiller has his magic 8ball.

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I've invested in some of the alt coins. Not a lot but researched and pick ones that sound useful as a technology. Nothing that will break the bank if they all tank. I doubt bitcoin goes that high that quick if regulation in Asia and North America comes into a effect.
 
"...The price of an object is not determined by its intrinsic value, but rather by an irrational belief and expectation that market participants will pay an even higher price for something based purely on speculative hype..."

"..."non-productive asset" in which you're relying on the next "crazy" person buying it to pay you more than you paid for..."

"The asset itself is creating nothing," said Buffett, comparing bitcoin to "productive" assets such as gold or a farm. He described the futile purchase of cryptocurrencies as two people "just sitting there" inside their own home trading it back and forth because "if you don't understand it, you get much more excited."

2 of the richest mofos in the world, 1 of them being the founder of the largest software/tech conglomerate call it rat poison... This nonsense is just a fucking furby or tickle me elmo doll.


I mean....gold is not productive so he can gtfo with that. And all currency only works because we choose to believe it has value. We choose to believe it has value because life would be too hard if we had to actually barter and trade in goods and services that are useful to sustaining life. I'm not a big fan of crypto currency, but it's not really any different than any other currency, except it's not government and 0.10% controlled. It's actually too free market and that's why the market players hate it, they can't control it....yet.
 
"The asset itself is creating nothing," said Buffett, comparing bitcoin to "productive" assets such as gold or a farm. He described the futile purchase of cryptocurrencies as two people "just sitting there" inside their own home trading it back and forth because "if you don't understand it, you get much more excited."

"I admitted I was wrong about Microsoft, Facebook, Amazon, Google and never understood silicon valley overall because I'm 100 years old and didn't have a fucking clue. But now you should totally take my word on crypto - another tech I don't understand and just don't have a clue".
 
I think they are trying to tell everybody the price will go up to start a buying frenzy so the price does go up.
Yep, they need another good pump and dump now crypto is less relevant. Hence the 'mysterious' profit increase on various coins last week.
How cohencidental!
 
"I admitted I was wrong about Microsoft, Facebook, Amazon, Google and never understood silicon valley overall because I'm 100 years old and didn't have a fucking clue. But now you should totally take my word on crypto - another tech I don't understand and just don't have a clue".
Came in to say this.
 
I think they are trying to tell everybody the price will go up to start a buying frenzy so the price does go up.

+1

If i was sitting on stagnet bitcoin, this is what i would do as well
 
Please no! Video card prices are finally just starting to come back down to normal levels again. We don't need something like this to drive them right back up again.
 
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"I admitted I was wrong about Microsoft, Facebook, Amazon, Google and never understood silicon valley overall because I'm 100 years old and didn't have a fucking clue. But now you should totally take my word on crypto - another tech I don't understand and just don't have a clue".


Requoted for posterity. Could not have pointed out Buffet's duplicity any better.
 
not entirely true to say the assets create nothing. they facilitate transactions which make them useful. as for price doubling in original article.... any prediction given enough time will likely come true
 
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